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Market news: U.S. Democrats are considering an early nomination of Biden to eliminate talk of a replacement presidential contender within the party, possibly at their July 21 meeting.

Market news: U.S. Democrats are considering an early nomination of Biden to eliminate talk of a replacement presidential contender within the party, possibly at their July 21 meeting.

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The three major U.S. stock indexes collectively closed higher

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ECB President Christine Lagarde: The ECB needs time to assess the uncertainty of inflation. The work is not yet done and must remain vigilant.

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